Citrix Systems (Citrix Systems) Interest Expense : $-90 Mil (TTM As of Jun. 2022)

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What is Citrix Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Citrix Systems's interest expense for the three months ended in Jun. 2022 was $ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was $-90 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Citrix Systems's Operating Income for the three months ended in Jun. 2022 was $ 182 Mil. Citrix Systems's Interest Expense for the three months ended in Jun. 2022 was $ -24 Mil. Citrix Systems's Interest Coverage for the quarter that ended in Jun. 2022 was 7.64. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Citrix Systems Interest Expense Historical Data

The historical data trend for Citrix Systems's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Citrix Systems Interest Expense Chart

Citrix Systems Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-51.61

-80.16

-45.97

-64.69

-91.79

Citrix Systems Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Expense	Get a 7-Day Free Trial															-22.91	-22.81	-21.72	-22.08	-23.85

Citrix Systems Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-90 Mil.

Citrix Systems (NAS:CTXS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Citrix Systems's Interest Expense for the three months ended in Jun. 2022 was $-24 Mil. Its Operating Income for the three months ended in Jun. 2022 was $182 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2022 was $3,367 Mil.

Citrix Systems's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2022 )	/	Interest Expense (Q: Jun. 2022 )
	=	-1	*	182.312	/	-23.849
	=	7.64

The higher the ratio, the stronger the company's financial strength is.

Citrix Systems (Citrix Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Citrix Systems Inc (NAS:CTXS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

851 West Cypress Creek Road, Fort Lauderdale, FL, USA, 33309

Website

https://www.citrix.com

Citrix Systems provides virtualization software, including Virtual Apps and Desktops for desktop virtualization and Citrix Virtual Apps for application virtualization. The company also provides Citrix Endpoint Management for mobile device management and Citrix ADC for application delivery and Citrix SDWAN for routing, security, and WAN monitoring.

Executives

Jason Alexander Smith	officer: EVP & Chief Financial Officer	C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Michael Arenth	officer: EVP, SaaS Strategy	C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
David J Henshall	officer: Senior Vice President and CFO	18880 HOMESTEAD ROAD, CUPERTINO CA 95014
Sridhar Mullapudi	officer: EVP, Product Management	C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Arlen Shenkman	officer: EVP & CFO	C/O CITRIX SYSTEMS, INC., 851 WEST CYRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Mark J Ferrer	officer: EVP, Chief Revenue Officer	45025 AVIATION DR, STE 300, DULLES VA 20166
Mark J. Schmitz	officer: EVP & Chief Operating Officer	C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Timothy A. Minahan	officer: CMO	13960 HAYSTACK LANE, MILTON GA 30004
Hector Lima	officer: EVP, Customer Experience	C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Antonio G. Gomes	officer: SVP & General Counsel	345 HARVARD STREET, UNIT 2AB, CAMBRIDGE MA 02138
Paul J. Hough	officer: SVP & Chief Product Officer	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Jessica Soisson	officer: VP & Corporate Controller	9836 EQUUS CIRCLE, BOYNTON BEACH FL 33472
W. Joseph Kim	officer: EVP & Chief Technology Officer	7171, AUSTIN TX 78735-6140
Donna Nappen Kimmel	officer: SVP & Chief People Officer	529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703
Knowling Robert E Jr	director	C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304